Textile
Top stories on just-style this week...
Fri, 03 Feb 2012 17:37:00 GMT
Among the most-read stories on just-style this week was a report on China's 12th five-year plan for the domestic textile industry, a temporary tariff waiver on products imported into the EU from Pakistan - and our annual management briefing on apparel industry issues to watch in the year ahead.
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FRANCE: LVMH FY profit breaks EUR5bn barrier
Fri, 03 Feb 2012 15:26:00 GMT
Double-digit growth for its fashion and leather goods brands helped luxury powerhouse LVMH Moët Hennessy Louis Vuitton to record full-year net profits of EUR5.26bn in 2011.
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HONDURAS: Stretchline sets up Central America production
Fri, 03 Feb 2012 15:37:00 GMT
Stretchline Holdings, the specialist supplier of narrow fabrics and knitted elastics used in lingerie and activewear, has opened its latest joint venture in Honduras to help speed supply times to retailers and brands in the US and Canada.
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US: LaCrosse Footwear FY profit cut after poor Q4
Fri, 03 Feb 2012 15:44:00 GMT
LaCrosse Footwear blamed falling sales to the military for double-digit revenue declines in the fourth quarter of 2011, which led to full-year net profit being more than halved.
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US: Bebe Stores Q2 profit boosted by sales hike
Fri, 03 Feb 2012 15:59:00 GMT
Women's apparel retailer Bebe Stores posted an increased net profit for the second quarter, boosted by a double-digit net sales increase and a comparable store sales rise of 9.6%.
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US: Columbia Sportswear Q4 profit soars on sales boost
Fri, 03 Feb 2012 16:15:00 GMT
Double-digit sales growth helped outdoor apparel business Columbia Sportswear to record a 40% surge in net profit in 2011 - but the company expects slower growth in 2012.
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INDIA: Designer wear "set for boom"
Fri, 03 Feb 2012 16:33:00 GMT
The designer wear business in India is set to grow at a compound annual growth rate (CAGR) of 40%, hitting INR110bn by 2020, according to a leading industry body.
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Cautious US consumers weigh on January retail sales
Fri, 03 Feb 2012 17:12:00 GMT
Post-holiday discounts helped many US retailers lift their sales in January, according to monthly figures released yesterday (2 February), but overall results were mixed as many consumers shopped cautiously amid the struggling economy.
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CAMBODIA: Tribunal to probe garment pay and conditions
Fri, 03 Feb 2012 14:49:00 GMT
Groups representing Cambodian garment workers are holding a "people's tribunal" next week to investigate pay and conditions at factories making clothes for brands including Adidas, Puma, H&M and Gap.
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US: Coldwater Creek promotes Bell to chief operating officer
Fri, 03 Feb 2012 12:22:00 GMT
Women's apparel retailer Coldwater Creek Inc has promoted Jim Bell to the newly created position position of executive vice president and chief operating officer.
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US: Macy's taps Alberta Ferretti for next designer line
Fri, 03 Feb 2012 11:52:00 GMT
US department store retailer Macy's has named Alberta Ferretti as the next fashion designer to take part in the designer capsule collection series for the retailer's contemporary 'Impulse' department.
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US: Marlow rejoins Urban Outfitters brand as CEO
Fri, 03 Feb 2012 12:13:00 GMT
Tedford Marlow, former president of the Urban Outfitters brand, is rejoining the retailer as chief executive officer.
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ITALY: Benetton family makes EUR276.6m takeover bid
Fri, 03 Feb 2012 11:44:00 GMT
Edizione Srl, the investment firm controlled by the Benetton family, has made a EUR276.6m (US$364.4m) bid to buy all the shares it doesn't already own in Benetton Group SpA and delist the clothing company.
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WORLD: Economic slowdown could weigh on cotton prices
Fri, 03 Feb 2012 13:20:00 GMT
The International Cotton Advisory Board (ICAC) has cut global demand estimates for the fibre, signalling that slower global economic growth and ample supplies could place downward pressure on prices.
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CANADA: Target settles trademark dispute with local retailer
Fri, 03 Feb 2012 11:20:00 GMT
Discount department store retailer Target Corporation has settled a dispute over the use of its name and brand in Canada, paving the way for its move into the country next year.
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UK: Tesco moves UK COO Robbins to new role
Thu, 02 Feb 2012 17:54:00 GMT
Tesco has moved Bob Robbins, COO of its UK operations, to a new role just weeks after the executive attracted headlines for selling shares in the retailer days before a profit warning.
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US: Retailers' January 2012 sales roundup
Thu, 02 Feb 2012 17:25:00 GMT
The following is a general roundup of US apparel and shoe retailers' January 2012 sales results.
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US: Stage Stores seeks new chief merchandising officer
Thu, 02 Feb 2012 16:19:00 GMT
Regional department store operator Stage Stores Inc is looking for a new chief merchandising officer after Rich Maloney resigned to pursue other interests.
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US: Gap same-store sales fell 4% in January
Thu, 02 Feb 2012 16:39:00 GMT
Specialty clothing retailer Gap Inc today booked a 4% drop in January comparable sales as it took steps to clear merchandise - and lifted its fourth quarter earnings guidance.
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UK: Lingerie firm Eveden upgrades business software
Thu, 02 Feb 2012 13:24:00 GMT
Lingerie and swimwear manufacturer Eveden Group is focusing on its worldwide expansion plans after upgrading its business software system.
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INDIA: Lectra expands presence in "key market"
Thu, 02 Feb 2012 14:16:00 GMT
Technology firm Lectra is expanding its presence in India to provide local support to help manufacturers optimise the benefits of using its solutions.
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just-style management briefing: Apparel industry challenges in 2012
Wed, 01 Feb 2012 14:52:00 GMT
Uncertainty is perhaps the biggest challenge facing the apparel industry in 2012. The economic situation in Europe and the US, swings in commodity prices, labour shortages and rising costs, especially in China, all add up to a worrying year.
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just-style management briefing: Opportunities for the apparel industry in 2012
Wed, 01 Feb 2012 14:55:00 GMT
Opportunities the apparel industry can look forward to this year include speed to market, which favours sourcing in the western hemisphere; growth in the number and spending power of middle-lass consumers in emerging markets like China and India; and the use of technology and the internet to make sourcing a truly global activity.
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just-style management briefing: Lessons learnt from the past for the future
Wed, 01 Feb 2012 14:58:00 GMT
What should apparel firms have learnt from the upheaval of the past couple of years - and what should they be doing now if they want to remain competitive into the future? Buyers and manufacturers need to build a deeper, long-term relationship our respondents said, as well as focusing on a sourcing portfolio that balances costs and risks.
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FRANCE: LVMH supplier to acquire Lejaby plant
Thu, 02 Feb 2012 14:18:00 GMT
A Lejaby production plant, which was set to close under the terms of a takeover bid for the lingerie group accepted by a commercial court last month, has been acquired by Sofama, a company which supplies handbags to LVMH subsidiary Louis Vuitton.
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just-style management briefing: Other issues to watch in the year ahead
Wed, 01 Feb 2012 15:22:00 GMT
Generally, 2012 is seen as being another challenging business year for the apparel industry. Uncertainties include the performance of the global economy, the European debt crisis, US consumer sentiment, and producer price inflation. Being able to react quickly to sourcing challenges, get more efficient in production, and reduce cycle times will help firms react to these volatile markets.
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EU: WTO approves tariff waiver for Pakistan
Thu, 02 Feb 2012 13:53:00 GMT
The World Trade Organization (WTO) has approved a request from the European Union (EU) temporarily lift duties on 75 products from Pakistan - the majority of which are textiles, apparel, and footwear.
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JAPAN: Uniqlo sales rise 7.9% in January
Thu, 02 Feb 2012 13:09:00 GMT
Fast Retailing Co today (2 February) said same-store sales at its Uniqlo casual clothing stores in Japan rose 7.9% in January as cold weather boosted sales of winter clothing.
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US: United Retail Group files for bankruptcy during sale
Thu, 02 Feb 2012 12:58:00 GMT
United Retail Group, the owner of the Avenue women's plus-size apparel brand and a subsidiary of Redcats USA, has begun Chapter 11 bankruptcy proceedings while it sells the company.
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US: Bernard Chaus in debt agreement with China Ting
Wed, 01 Feb 2012 10:49:00 GMT
Women's wear manufacturer Bernard Chaus has agreed a debt restructuring with its main supplier, the China Ting Group.
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ISRAEL: American Eagle Outfitters to open first store
Wed, 01 Feb 2012 14:51:00 GMT
American Eagle Outfitters has announced that it will open its first store in Israel tomorrow (2 February) in Tel Aviv.
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FRANCE: Forever 21 enters market with Paris store
Wed, 01 Feb 2012 15:44:00 GMT
US value retailer Forever 21 has just opened its first store in France.
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US: Macy's reshuffles execs as chief stores officer retires
Thu, 02 Feb 2012 10:28:00 GMT
US department store retailer Macy's Inc is reshuffling its executive leadership team ahead of the pending retirement of its chief stores officer Ron Klein at the end of March, after 36 years with the company.
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FRANCE: Vivarte appoints Metzger as new CEO
Wed, 01 Feb 2012 17:27:00 GMT
French group Vivarte, which has an extensive portfolio of clothing and footwear retail brands, is set to appoint Antoine Metzger to the post of CEO.
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FRANCE : Forever 21 enters French market with Paris opening
Wed, 01 Feb 2012 15:44:00 GMT
US value retailer Forever 21 has just opened its first outlet in France.
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CHINA: Marimekko to enter through franchise agreement
Wed, 01 Feb 2012 16:39:00 GMT
Finnish brand Marimekko has signed a franchise agreement with Hong Kong-based company Sidefame to open stores in China and Hong Kong.
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US: Bon-Ton elects Bergren as chairman
Wed, 01 Feb 2012 14:28:00 GMT
Bon-Ton Stores has elected Bud Bergren as chairman of the clothing retailer, following Tim Grumbacher's resignation.
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ISRAEL: American Eagle Outfitters to open Israel store
Wed, 01 Feb 2012 14:51:00 GMT
American Eagle Outfitters has announced that it will open its first Israel store tomorrow (2 February) in Tel Aviv.
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US: Columbia appoints Moser as apparel VP
Wed, 01 Feb 2012 15:04:00 GMT
Columbia Sportswear Company has announced the appointment of Adrienne Moser as vice president of global apparel merchandising and design for the Columbia brand.
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ITALY: Benetton issues full-year profit warning
Wed, 01 Feb 2012 15:18:00 GMT
United Colours of Benetton today issued a profit warning, saying that it expects full year profit to be down by more than 30% on the previous year.
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US: Bernard Chaus enters debt restructuring with China Ting
Wed, 01 Feb 2012 10:49:00 GMT
Women's wear manufacturer Bernard Chaus has entered a debt restructuring agreement with its main supplier, the China Ting Group.
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MIDDLE EAST: Alshaya in Cos franchise deal
Wed, 01 Feb 2012 11:05:00 GMT
Hennes & Mauritz has entered an agreement with M.H. Alshaya to open Cos stores in the Middle East.
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US: TJX appoints Goldenberg as CFO
Tue, 31 Jan 2012 17:04:00 GMT
TJX has said that Scott Goldenberg will become chief financial officer, replacing Jeffrey Naylor who resumed the position in 2009.
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US: Hibbert Sports CFO to retire
Tue, 31 Jan 2012 13:08:00 GMT
US sporting goods retailer Hibbett Sports Inc has announced that chief financial officer Gary Smith is set to retire.
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FRANCE: ApparelSourcing show to debut alongside Texworld
Tue, 24 Jan 2012 18:27:00 GMT
A new international event for sourcing apparel and accessories is being launched alongside the Texworld fabric fair taking place in Paris next month.
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US: Wolverine Worldwide fourth-quarter profit slides
Tue, 31 Jan 2012 14:13:00 GMT
Footwear manufacturer Wolverine Worldwide saw fourth-quarter net profit slip as the company invested in marketing initiatives over the period.
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CHINA: Teijin launches closed-loop uniform recycling system
Tue, 31 Jan 2012 14:27:00 GMT
The Teijin Group has announced what it claims is the first programme in China for collecting and recycling used uniforms.
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US: NAT enters Tuscarora partnership to produce CRAiLAR Flax
Tue, 31 Jan 2012 14:57:00 GMT
Naturally Advanced Technologies has announced a partnership with Tuscarora Yarns to explore a range of blended yarns using CRAiLAR Flax.
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JAPAN: Wacoal posts nine-month net profit growth
Tue, 31 Jan 2012 15:17:00 GMT
Lingerie company Wacoal today (31 January) recorded a jump in nine-month net profit as the company said it continued to improve profitability through the structural reform of its domestic operations and through developing its Chinese business.
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Plassat to face French challenges at Carrefour
Tue, 31 Jan 2012 11:34:00 GMT
After a tumultuous three years at the helm of the world's second-largest grocery retailer, Carrefour chairman and CEO Lars Olofsson is set to be replaced by Georges Plassat.
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China's new five-year plan to guide industry expansion
Tue, 31 Jan 2012 14:27:00 GMT
Domestic market expansion, new materials development and the transfer of production bases are all priorities under the 12th five-year plan (2011 to 2015) for the domestic textile industry, released by mainland China's ministry of industry and information technology earlier this month.
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US: Hibbert CFO to retire
Tue, 31 Jan 2012 13:08:00 GMT
US sporting goods retailer Hibbett has announced that chief financial officer Gary Smith is set to retire.
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US: Talbots opens books to Sycamore Partners
Tue, 31 Jan 2012 12:55:00 GMT
Troubled US clothing retailer Talbots has agreed to open its books to private-equity firm Sycamore Partners after it rebuffed an offer for the company last month.
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Plassat to face French challenges at Carrefour
Tue, 31 Jan 2012 11:34:00 GMT
After a tumultuous three years at the helm of the world's second-largest grocery retailer, Carrefour chairman and CEO Lars Olofsson is set to be replaced by Georges Plassat.
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UK: Office posts strong Christmas sales growth
Tue, 31 Jan 2012 10:17:00 GMT
UK footwear retailer Office today (31 January) announced strong Christmas sales of 26% for the five weeks to December 3.
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US: Original Penguin signs four license deals
Mon, 30 Jan 2012 12:29:00 GMT
Perry Ellis has announced four license agreements to extend the Original Penguin by Munsingwear brand.
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US: Sperry Top-Sider inks five licensing agreements
Mon, 30 Jan 2012 14:40:00 GMT
Footwear brand Sperry Top-Sider today (30 January) announced that it has entered a series of licensing agreements to extend its reach into bags, belts, hosiery, eyewear, swimwear, headware, scarves, gloves and shoe care.
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UK: Jacobson Group rescues Dolcis from administrators
Mon, 30 Jan 2012 13:40:00 GMT
The Jacobson Group, which owns brands such as Gola, Lotus, Ravel and Frank Wright, today (30 January) added to its line-up after buying the Dolcis footwear brand from the administrators of the Barratts Priceless Group.
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US: Sperry Top-Sider announces five licensing agreements
Mon, 30 Jan 2012 14:40:00 GMT
Footwear brand Sperry Top-Sider today (30 January) announced that it has entered a series of licensing agreements to extend the brand into bags, belts, hosiery, eyewear, swimwear, headware, scarves, gloves and shoe care.
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just-style's research roundup
Mon, 30 Jan 2012 11:42:00 GMT
This week, featured research from just-style's research store includes a look at key apparel opportunities in Western Europe, prospects for the textile and clothing industry in Brazil and an analysis of luxury sector in the Asia Pacific region.
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US: Original Penguin enters four license agreements
Mon, 30 Jan 2012 12:29:00 GMT
Perry Ellis has announced four license agreements to extend the Original Penguin by Munsingwear brand.
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PERU: Inditex opens first Zara store
Mon, 30 Jan 2012 11:07:00 GMT
Inditex has announced that it has entered Peru with a Zara store in Lima's Jockey Plaza shopping centre.
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UK: Debenhams to launch Nautica in UK
Mon, 30 Jan 2012 11:16:00 GMT
Debenhams today (30 January) announced that it will launch VF Corp-owned brand Nautica and become its exclusive UK stockist
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THAILAND: Apparel export growth slows in 2011
Mon, 30 Jan 2012 11:13:00 GMT
Thailand's apparel exports continued to grow in 2011, but at a slower pace than last year according to the latest figures from the Thai Garment Manufacturers Association (TGMA).
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FRANCE: Plassat replaces Olofsson in Carrefour top spot
Mon, 30 Jan 2012 10:48:00 GMT
Retail giant Carrefour today (30 January) announced Georges Plassat will replace Lars Olofsson as chairman and CEO.
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DENMARK: UN backs sustainable fashion initiative
Fri, 27 Jan 2012 14:43:00 GMT
The United Nations has joined forces with NICE (the Nordic Initiative Clean and Ethical) to develop the first fashion sector-specific sustainability initiative under the UN's Global Compact.
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GERMANY: Trevira to consolidate filament yarn production
Fri, 27 Jan 2012 15:25:00 GMT
The new owners of German polyester fibre and yarn maker Trevira GmbH are to consolidate its filament yarn production by moving texturising capacity from Zielona Góra in Poland to Guben in Germany, where Trevira already has production facilities.
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US: Lawsuit filed to prevent nanosilver's use in textiles
Fri, 27 Jan 2012 15:47:00 GMT
The Natural Resources Defense Council has filed a lawsuit in the US federal court to try to limit public exposure to antimicrobial nanosilver used in clothing and other textiles.
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US: Finish Line taps Custard as digital marketing VP
Fri, 27 Jan 2012 11:03:00 GMT
Sports wear retailer The Finish Line has appointed former Crocs e-commerce executive Jay Custard as its new vice president of digital marketing.
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FRANCE: Etam posts 5.1% full-year sales growth
Fri, 27 Jan 2012 12:30:00 GMT
French retailer Etam says its full-year sales grew during 2011, driven mainly by the appreciation of the Chinese yuan against the euro.
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UK: Belstaff steps into retail with two flagship stores
Fri, 27 Jan 2012 13:12:00 GMT
Luxury brand Belstaff has announced plans to open flagship stores on Bond Street in London and on Madison Avenue in New York City.
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US: Unveils global supply chain security plan
Fri, 27 Jan 2012 14:32:00 GMT
A new US strategy for global supply chain security was unveiled at the World Economic Forum in Davos, Switzerland, by US Secretary of Homeland Security Janet Napolitano.
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DENMARK: Sustainable fashion initiative launched
Fri, 27 Jan 2012 14:43:00 GMT
The United Nations has joined forces with NICE (the Nordic Initiative Clean and Ethical) to develop the first fashion sector-specific sustainability initiative under the UN's Global Compact.
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INDIA: Indorama in new petrochemical venture
Fri, 27 Jan 2012 14:54:00 GMT
Thailand's Indorama Ventures has signed a deal with Indo Rama Synthetics to set up a new petrochemical plant in India.
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US: Class action launched against Collective Brands
Fri, 27 Jan 2012 15:07:00 GMT
A US law firm has launched a class action lawsuit against footwear company Collective Brands, claiming that it issued false and misleading statements regarding the business and its financial results.
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